Professional Documents
Culture Documents
for
RBI Grade B and NABARD Grade A/B 2018 examination
[SOLUTION]
There has been an announcement regarding setting up of Ekalavya Model Residential School on par
with Navodaya Vidyalayas to provide the best quality education to the tribal children in their own
environment by 2022 in every block with more than 50% ST population and at least 20,000 tribal
persons with special facilities for preserving local art and culture besides providing training in sports
and skill development.
Scheduled Tribes:
The list of Scheduled Tribes is State/UT specific and a community declared as a Scheduled Tribe in a
State need not be so in another State. The inclusion of a community as a Scheduled Tribe is an ongoing
process.
The essential characteristics of these communities are:
Primitive Traits
Geographical isolation
Distinct culture
Shy of contact with community at large
Economically backward
Q.2) In order to step up investment in research and related infrastructure in leading educational
institutions, a major initiative ‘Revitalising Infrastructure and Systems in Education (RISE)’ has been
launched. How much amount has been announced for investment in the next four years in this
scheme?
[a] 67,000 crore
[b] 89,000 crore
*[c] 1,00,000 crore
[d] 72,000 crore
[e] 84,000 crore
[Marks] 1
[Negative Marks] .25
[SOLUTION]
To step up investments in research and related infrastructure in premier educational institutions,
including health institutions, a major initiative named ‘Revitalising Infrastructure and Systems in
Education (RISE) by 2022’ with a total investment of Rs.1,00,000 crore in next four years has been
announced.
What are the projects that have been funded by the HEFA so far?
In November 2017, HEFA Board has approved projects for Rs. 2,066.73 Cr for six institutions –
IITs Bombay, Delhi, Madras, Kharagpur, Kanpur and NIT Suratkal.
These funds would be used to improve the research infrastructure in these institutions to further
improve their standing at the global level.
These funds are in addition to the grants that Government gives to these institutions.
As per the scheme, HEFA would mobilise Rs. 20,000 Cr through market borrowing and would
release the same to the Government institution as interest- free loans.
Q.3) In the Union Budget 2018-19, the government has announced that it would launch ‘Prime
Minister’s Research Fellows (PMRF)’ scheme under which best B.Tech students will be identified
each year from premier institutions and they would be provided facilities to do Ph.D in IITs and IISc,
with a handsome fellowship.
How many students would be provided with fellowship each year?
[a] 2000
[b] 3000
*[c] 1000
[d] 1200
[e] 4000
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[Marks] 1
[Negative Marks] .25
[SOLUTION]
To improve the quality of teachers an integrated B.Ed. programme for teachers will be initiated.
The Government would launch the ‘Prime Minister’s Research Fellows (PMRF)’ scheme this year.
Under this, 1,000 best B.Tech students will be identified each year from premier institutions and
provided facilities to do Ph.D in IITs and IISc, with a handsome fellowship.
Q.4) What has been the allocation for the National Social Assistance Programme in the Union
Budget 2018-19?
[a] 9200 Crore
[b] 9100 Crore
*[c] 9975 Crore
[d] 9375 Crore
[e] 9450 Crore
[Marks] 1
[Negative Marks] .25
[SOLUTION]
Allocation on National Social Assistance Programme this year (2018-19) has been kept at Rs. 9975 crore.
Components of NSAP
In February 2009, two new Schemes known as Indira Gandhi National Widow Pension Scheme
(IGNWPS) and Indira Gandhi National Disability Pension Scheme (IGNDPS) were introduced.
Eligibility and scale of assistance: For getting benefits under NSAP the applicant must belong to a Below
Poverty Line (BPL) family according to the criteria prescribed by the Govt. of India.
Q.5) As part of a newly announced ‘Ayushman Bharat’ programme, the government has announced
two major initiatives in the Health Sector. Which of the following are the two initiatives?
1. Revamped Maternity Benefit programme
2. Eradication of TB programme
3. Major allocation for the Health and Wellness Centres
4. National Health Protection Scheme
5. AIDS eradication programme
[a] 1 and 3
[b] 4 and 5
[c] 2 and 3
*[d] 3 and 4
[e] 1 and 5
[Marks] 1
[Negative Marks] .25
[SOLUTION]
The Government has announced two major initiatives in health sector, as part of Ayushman
Bharat for a New India-2022 programme.
This is aimed at making path breaking interventions to address health holistically, in primary,
secondary and tertiary care systems, covering both prevention and health promotion.
The initiatives are as follows:
Health and Wellness Centre
National Health Protection Scheme
Q.6) How much amount has been allocated for the establishment of 1.5 lakhs ‘Health and Wellness
Centres’?
[a] Rs.1400 Crore
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[b] Rs.1100 Crore
[c] Rs.1000 Crore
[d] Rs.900 Crore
*[e] Rs.1200 Crore
[Marks] 1
[Negative Marks] .25
[SOLUTION]
Health and Wellness Centre:
The National Health Policy, 2017 has envisioned Health and Wellness Centres as the foundation
of India’s health system.
Under this 1.5 lakh centres will bring health care system closer to the homes of people.
These centres will provide comprehensive health care, including for non-communicable
diseases and maternal and child health services.
These centres will also provide free essential drugs and diagnostic services.
The Budget has allocated Rs.1200 crore for this flagship programme.
Contribution of private sector through CSR and philanthropic institutions in adopting these
centres is also envisaged.
What does the National Health Policy 2017 say about Wellness?
The National Health Policy, 2017 (NHP, 2017) seeks to reach everyone in a comprehensive
integrated way to move towards wellness.
Thus, the government aims in shifting focus from “sick-care” to “wellness”, by promoting
prevention and well-being.
It aims at achieving universal health coverage and delivering quality health care services to all at
affordable cost.
Goal:
The policy envisages as its goal the attainment of the highest possible level of health and well-
being for all at all ages, through a preventive and promotive health care orientation in all
developmental policies, and universal access to good quality health care services without anyone
having to face financial hardship as a consequence.
This would be achieved through increasing access, improving quality and lowering the cost of
healthcare delivery.
Q.7) Which of the following is/are the salient features of the National Health Protection Scheme
announced by the Government as part of the Union Budget 2018-19?
[a] This scheme will cover over 10 crore poor and vulnerable families thus
translating to around 50 Crore beneficiaries.
[b] The scheme provides coverage of upto Rs. 5 lakh per family per year for secondary and tertiary
care hospitalization.
[c] This is said to be the world’s largest government funded health care programme.
*[d] All the above
[SOLUTION]
National Health Protection Scheme:
The second flagship programme under Ayushman Bharat is National Health Protection Scheme,
which will cover over 10 crore poor and vulnerable families (approximately 50 crore
beneficiaries) providing coverage upto 5 lakh rupees per family per year for secondary and
tertiary care hospitalization.
This will be the world’s largest government funded health care programme. Adequate funds will
be provided for smooth implementation of this programme.
Q.8) Which of the following statement(s) is/are correct regarding the scheme ‘Rashtriya Swasthya
Bima Yojana’?
1. This is a health insurance scheme that aims to facilitate launching of health insurance projects in all
the districts of the States in a phased manner for BPL workers.
2. Unorganized sector workers belonging to BPL category and their family members (a family unit of
five) shall be the beneficiaries under the scheme.
3. This scheme was under the Labour and Employment Ministry until April, 2015.
4. In 2014, a revamped RSBY was launched which was to be administered by the Ministry of Health
and Family Welfare with effect from 1st April, 2015.
[a] 1, 2, 4
[b] 1, 3
[c] 1, 4
[d] 1, 2
*[e] 1, 2, 3, 4
[Marks] 1
[Negative Marks] .25
[SOLUTION]
All the given statements are correct.
The RSBY, the health insurance scheme for BPL (below poverty line) families was launched for
the workers in the unorganized sector in the FY 2007-08 and it became fully operational from
1st April 2008.
Funding Pattern
Contribution by Government of India: 75% of the estimated annual premium of Rs.750, subject
to a maximum of Rs. 565 per family per annum. The cost of smart card will be borne by the
Central Government.
Contribution by respective State Governments: 25% of the annual premium, as well as any
additional premium.
The beneficiary would pay Rs. 30 per annum as registration/renewal fee.
The administrative and other related cost of administering the scheme would be borne by the
respective State Governments.
Revamped RSBY:
A revamped RSBY was launched in October 2014 to include the following:
Enrollment with RSBY to be linked with opening of bank account and issuance of Aadhaar card.
Scheme currently covers 3 crore workers. It will be expanded to include construction sector also.
Single central smart card to be issued to include other welfare schemes like Aam Aadmi Bima
Yojana and National Old Age Pension Scheme.
Q.9) Which of the following statements is/are correct with regard to the Maternity Benefit
Programme?
1. Pradhan Mantri Matritva Vandana Yojana (PMMVY), rechristened in January, 2017 as the MBP is
a conditional cash transfer scheme for pregnant and lactating mothers of 19 Years age and above.
2. A cash incentive of Rs.6000 is provided.
3. In the Union Budget 2018-19, there was a change made to a provision of a scheme where the cash
incentive would be provided only for the first live birth instead of the earlier two.
[a] Only 1
[b] Only 2
[c] 1 and 2
[d] Only 3
*[e] 1, 2 and 3
[Marks] 1
[Negative Marks] .25
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[SOLUTION]
Maternity Benefit Programme (MBP) - Jan 2017
Government of India is committed to ensure that every woman attains optimal nutritional status
– especially from the most vulnerable communities as nutrition constitutes the foundation for
human development.
This is all the more important during the period of pregnancy and lactation coupled with wage
loss. A woman’s nutritional status has important implications for her health as well as the health
and development of her children.
To address the above issues, Ministry of Women and Child Development, in accordance with the
provisions of Section 4(b) of National Food Security Act, formulated a scheme for pregnant and
lactating mothers called Maternity Benefit Programme – a conditional cash transfer scheme.
(i) for the wage loss so that the woman can take adequate rest before and after delivery;
(ii) to improve her health and nutrition during the period of pregnancy and lactation; and
(iii) to breastfeed the child during the first six months of the birth, which is very vital for the development
of the child.
Under the scheme, all Pregnant Women and Lactating Mothers (PW&LM), excluding the
Pregnant Women and Lactating Mothers who are in regular employment with the Central
Government or State Governments or Public Sector Undertakings or those who are in receipt of
similar benefits under any law for the time being are eligible.
The cash incentive of Rs.6,000/- is payable in three instalments for the first two live births.
The cash transfer would be Aadhaar linked through the individual bank/post office account etc.
in DBT mode.
Q.10) In the Union Budget 2018-19, what has been the allocation for the Health Sector (Budget
Estimates 2018-19)?
*[a] Rs.54667 crore
[b] Rs.57335 crore
[c] Rs.62189 crore
[d] Rs.49235 crore
[e] Rs.71211 crore
[Marks] 1
[Negative Marks] .25
[SOLUTION]
[SOLUTION]
[SOLUTION]
[SOLUTION]
In order to enhance accessibility of quality medical education and health care, 24 new
Government Medical Colleges and Hospitals will be set up, by up-grading existing district
hospitals in the country.
This would ensure that there is at least 1 Medical College for every 3 Parliamentary
Constituencies and at least 1 Government Medical College in each State of the country.
Q.14) What has been the allocation towards the Rashtriya Swasthya Bima Yojana in the Union
Budget 2018-19 (Budget Estimates)?
[a] Rs.1000 Crore
[b] Rs.850 Crore
[c] Rs.2400 Crore
[d] Rs.2300 Crore
*[e] Rs.2000 Crore
[Marks] 1
[Negative Marks] .25
[SOLUTION]
2017-18 (Revised 2018-19 (Budget Estimates)
Estimates)
Q.15) Which of the following amounts has been allocated for providing credit support, capital and
interest subsidy and for innovations to the MSME sector in the Union Budget 2018-19?
[a] Rs. 2976 Crore
[b] Rs. 3981 Crore
*[c] Rs. 3794 Crore
[d] Rs. 4120 Crore
[e] Rs. 4289 Crore
[SOLUTION]
The Budget has given a big thrust to Medium, Small and Micro Enterprises (MSMEs) to boost
employment and economic growth.
A sum of Rs. 3794 crore has been provided for giving credit support, capital and interest subsidy
and for innovations.
This demonstrates that the government appreciates the need to provide adequate finance to
MSME, complementing the efforts of the industry.
Q.16) Which of the following is the target announced in the Union Budget 2018-19 for lending under
the MUDRA Yojana for the financial year 2018-19?
[a] 2 lakh crore
[b] 3.5 lakh crore
*[c] 3 lakh crore
[d] 4 lakh crore
[e] 3.2 lakh crore
[Marks] 1
[Negative Marks] .25
[SOLUTION]
MUDRA Yojana launched in April 2015 has led to a sanction of Rs.4.6 lakh crore in credit from
10.38 crore MUDRA loans.
76% of loan accounts are of women and more than 50% belong to SCs, STs and OBCs.
It is proposed to set a target of Rs.3 lakh crore for lending under MUDRA for 2018-19 after having
successfully exceeded the targets in all previous years.
Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e.
'Shishu', 'Kishore' and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro
unit. These schemes cover loan amounts as below:
a.
Shishu: covering loans up to ₹50,000
Kishore: covering loans above ₹50,000 and up to ₹5,00,000
Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000
What are the purposes for which the MUDRA Loans can be availed?
Vehicle loan: Commercial vehicle loan, Car loan and Two-wheeler loan
Business Installment Loan (BIL): Loan for working capital requirement, buying plant and
machinery, renovating offices etc.
Q.17) What is the amount announced in the Union Budget 2018-19 for the Textiles sector?
[a] Rs.6789 crore
*[b] Rs.7148 crore
[c] Rs.6000 crore
[d] Rs.7000 crore
[e] Rs.8000 crore
[Marks] 1
[Negative Marks] .25
[SOLUTION]
The Budget proposed an outlay of Rs.7148 crore for the textile sector in 2018-19 as against Rs.6,000
Crore in 2016.
Q.18) In the Union Budget 2018-19, the government has announced that it will contribute 12% of
the wages of the new employees in the EPF for all the sectors for how many years?
[a] Next 2 years
[b] Next 4 years
*[c] Next 3 years
[d] Next 5 years
[e] Next 6 years
[Marks] 1
[Negative Marks] .25
[SOLUTION]
The Government will contribute 12% of the wages of the new employees in the Employee Provident
Fund (EPF) for all the sectors for next three years.
Let us see how would it make a difference and what were the previous announcements?
In the Budget for 2016-17, the government had first introduced a contribution of 8.33% of
Employee Pension Scheme for new employees for 3 years, applicable for those earning upto Rs
15,000 a month.
Every month, 12% of an employee’s (basic) salary goes into the EPF account and the employer
matches the contribution.
Of the employer’s contribution, 8.33% goes into the Employees’ Pension Scheme (EPS), which
offers pension from the age of 58.
The government taking over the responsibility of paying this 8.33% of the basic salary was
intended to incentivize employment generation.
Similarly, this time too the government is aiming to increase employment by extending the
entire 12% employer contribution for the first 3 years of employment for an individual.
This will help in bringing more employees in the formal sector to some extent and increase job
creation.
Q.19) In the Union Budget 2018-19, the government has proposed to reduce women employees’
contribution to 8% for first 3 years of their employment, against the existing rate of 12%. In order
to implement this, the government has proposed to amend which of the following acts?
[a] Payment of Gratuity Act, 1972
[b] Employee's Compensation Act, 1923
*[c] Employees' Provident Funds and Miscellaneous Provisions Act, 1952
[d] Employees' State Insurance Act, 1948
[e] None of the above
[Marks] 1
[Negative Marks] .25
[SOLUTION]
How is the reduced rate of contribution going to help?
India has one of the highest mandatory payroll deductions in the world with almost 35% of low-
wage employees’ salary being deducted towards statutory deductions, which reduces their net
take-home salary and pushes them to the informal sector where these deductions are not
applicable.
This is where the government’s new proposal comes in; to reduce women employees’
contribution to 8% for first 3 years of their employment, against the existing rate of 12%.
To make this happen, the Budget has proposed to amend the Employees’ Provident Fund and
Miscellaneous Provisions Act, 1952.
The employer contribution for them will remain at the existing level of 12%.
This will mean a higher take-home pay for women in their initial years in the workforce.
However, this will also mean a proportionately lower saving for the women.
The Employees' Provident Funds and Miscellaneous Provisions Act was enacted in the year 1952.
Q.20) The Union Budget 2018-19 has reduced the corporate tax rate for companies with an annual
turnover of up to Rs.250 crore to how much percentage?
[a] 28%
*[b] 25%
[c] 20%
[d] 22%
[e] 18%
[Marks] 1
[Negative Marks] .25
[SOLUTION]
In an effort to reduce tax burden on MSMEs and to create large-scale employment,
announcement has been made to extend the benefit of reduced rate of 25% to companies who
have reported turnover up to Rs.250 crore in the Financial Year 2016-17.
In last year’s budget (2017-18), the government had reduced the income tax for small
companies with an annual turnover up to Rs.50 crore to 25%. This is estimated to have benefited
more than 667,000 companies, 96% of all companies filing tax returns, at a cost of Rs.7,200 crore
to the government.
The government also announced introduction of e-assessment from 2018-19 to minimize
interface between tax department and taxpayer.
Definition of a Corporate:
Any juristic person having a separate and independent legal entity from its shareholders is
termed as a corporate.
The income earned by a company is computed and assessed separately from the dividends that
it offers to its shareholders.
Domestic Corporate:
Any company that is Indian is called as domestic company or if the company is foreign, but the control
and management is wholly situated in India then also it is termed as a domestic company. An Indian
company means a company registered under the Companies Act 1956.
Foreign Corporate:
Any foreign company is one that is not of Indian origin and has some part of control and management
of affairs located outside India.